Financial Statements Consolidation and Investment Accounting

Introduction

In Consolidated Financial Statements, Financials of parent company and its subsidiaries will be consolidated as if they are a single economic entity. Preparation of Consolidated Financial Statements involves highly technical and complicated procedures – However worry not – this Discovery Tools training course ” Financial Statements Consolidation and Investment Accounting ” will take you through step by step as to how consolidated financial statements are prepared.

Course Objectives

By the end of this training course, participants will be able to:

Recognize the process of consolidating financial statements.
Identify business combinations and their related transactions.
Apply the acquisition method for business combinations.
Account for goodwill and non-controlling interests.
Identify different types of financial instruments and accounting methods for each.
Account for transactions according to fair value method, equity method and amortized cost.
Recognize differences and similarities between International Financial Reporting Standards (IFRS) and the US Generally Accepted Accounting Principles

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